Analyst: iPhone 7 line to spur 8% unit growth for Apple’s smartphone biz

In a note to clients — as noted by AppleInsider — UBS analyst Steven Milunovich says he expects the iPhone 7 series will spur 8% unit growth in fiscal year 2017 — a number he said is close to current Wall Street consensus.

iPhone 7 Plus.jpg

Looking forward to fiscal 2018, the investment firm analyst forecasts that sales of the iPhone 8" will cause a spike in sales, amounting to 16% year-over-year growth. Milunovich reiterated UBS's "buy" rating on shares of AAPL with a $127 price target.